When it was introduced on the stock market, the price soared to triple its introduction price, ripe for profit taking. After a few days the stock price is going down, probably to go down further as people sell off their stock to lock in profits. Nonetheless, Alibaba.com currently has the most expensive internet company stocks in the world. Congratulations to Alibaba.com, the technology company from China on raising $1.7 billion from selling 973.6 million shares. Google’s IPO (Initial Public Offering) was $1.9 billion back in 2004. Continued from previous post.
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